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The margin requirement on a stock purchase is 40%. You fully use the margin allowed to purchase 100 shares of ABC at $31. If the

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The margin requirement on a stock purchase is 40%. You fully use the margin allowed to purchase 100 shares of ABC at $31. If the price drops to $27, what is your percentage gain/loss? Enter your answer in percent to the nearest hundredth, for example if your answer is - .25432, enter -25.43

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